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UK CPI Drops to 3% Amid Rising Food Costs

2/24/2026

23 5 Full Breakdown

Summary

Story summary

In January, the UK's CPI fell to 3%, the lowest since March 2025.
The drop was driven by food inflation, down from 4.5% to 3.6%.
Despite this slowdown, many households still face high essential costs.
Analysis from Compare the Market shows vegetarian mince has more than doubled in price over two years, reflecting a shift toward meat-free diets, and pork sausages have risen while pork prices are currently decreasing.

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Story summary

In January, the UK's CPI fell to 3%, the lowest since March 2025.
The drop was driven by food inflation, down from 4.5% to 3.6%.
Despite this slowdown, many households still face high essential costs.
Analysis from Compare the Market shows vegetarian mince has more than doubled in price over two years, reflecting a shift toward meat-free diets, and pork sausages have risen while pork prices are currently decreasing.